Kansas City, MO Real Estate News

By Fran White, Kansas City North Real Estate, 816-682-3897
(North Kansas City Real Estate, Reece and Nichols Residential)
There seems to be some ragged roofs in Kansas City Mo real estate market and insurance companies are refusing 100% coverage to buyers!Being in tornado alley, this doesn't really surprise me.  In spring and during the summer we get more than our share of severe thunderstorms that include high winds and golf ball sized hail.  More times than not these weather conditions culminate into tornado. (this is from my eye's view not a meteorologist)Evidently some home owners aren't having their roofs inspected by their insurance company for possible damage after these storms.One seller (who'll go unnamed to protect the innocent) was in the process of selling his home and had not had his roff checked after our last bad hail storm in June 2006.During the inspection process roof damage was called ou...
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By Fran White, Kansas City North Real Estate, 816-682-3897
(North Kansas City Real Estate, Reece and Nichols Residential)
The real estate company that I work for, Reece and Nichols, is going to start requiring that buyers get an insurance commitment with a binder during the 10 day Inspection Period... and I think it's a great idea.I have to say that I have been telling my buyers for the past 8 months that this was coming.  I haven't had any last minute problems with clients not being able to get their prospective homes insured because I've been suggesting that they contact their insurance company during the 10 day inspection period.It saves a lot of time and hassles and you are not hung out to dry one week before closing because the insurance company went out to take pictures and prepare for insuring the property and they found something not pleasing.  There isn't anything worse than a call from your insur...
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By Fran White, Kansas City North Real Estate, 816-682-3897
(North Kansas City Real Estate, Reece and Nichols Residential)
Are you of the mind set that the interest rates are too high?  Perhaps the information below will help... Folks these ARE the good ole' days.                                                         October 2005                          October 2006Interest Rate                                       5.75%                                    6.37%Sales Price                                          $200,000.00                           $185,000.00Down Payment                                      $40,000.00                             $37,000.00Loan Amount                                      $160,000.00                           $148,000.00Monthly P & I                                             $933.72                               $923.30 There it is in black and white...... now IS the ...
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By Fran White, Kansas City North Real Estate, 816-682-3897
(North Kansas City Real Estate, Reece and Nichols Residential)
Surely you’ve heard that infamous song that’s been sung by a variety of artists… “Goin’ to Kansas City, Kansas City here I come…. They’ve got some crazy little women there, and I’m gonna get me one…”Well I’m one of those Crazy Little Women who’s crazy about Real Estate and Kansas City.My hometown, Kansas City, has been called many things…we are called The Heart of America because of our location.  My favorite would be The City of Fountains and my least favorite would be Cowtown.Kansas City is called the City of Fountains because it is the home of more fountains than any city in the world, except Rome. The majority of our famous fountains are found on the Country Club Plaza.  The streets of that area decorated with artwork from around the world and the fountains there are the city’s most...
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